The Walt Disney Company has offered pension buyouts to around 5,000 past employees. They sent out some offers of a one time lump sum payment to some of their ex cast members that have high dollar pension plans, $100,000 or more. Other ex cast members with smaller pension plans have always had the one time buy out option.
Disney is not the first, nor will they be the last do this.
Not that long ago Disney tried to do away with pensions all together. Needless to say the Unions did not like that so the pension benefits remain the same.
You may have heard last week Disney got a new CFO, since Rasulo stepped down. Christine McCarthy is the first female CFO. She was previously Disney Treasurer for 15 years. Her new position means she will oversee investor relations, corporate planning and control, tax, corporate treasury, corporate real estate, facilities, integrated supply chain management, and corporate citizenship. She has been named quite a few times in Treasury & Risk magazine’s “100 Most Influential People in Finance.” In June Treasury Today magazine named her Woman of the Year.
What are your thoughts?
Wishing you Faith, Trust, and Pixie Dust
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